York Capital
Management's Jamie Dinan accepts his trophy at the 2011
AR Awards. The York Credit Opportunities Fund won for the
award for long-term performance (10 years).
(Photo:John Marolakos for AR)

We are honored to present initial nominations for the 2012
Absolute Return Awards (full list below), to be held February
12 at Gotham Hall in the heart of New York City. For the first
time, we are holding the industry's most prestigious,
independent, quantitatively-driven awards after the start of
the new year, based not only on a 12-month period (as in
previous years) but on the full 12 months of calendar year
performance in 2012.

As in previous years, the awards are aimed at trying to
identify the funds with the best risk-adjusted returns--meeting
the twin aims of hedge funds to not both deliver strong
performance and manage volatility. (For a fuller description of
the methodology please take a look at our
nomination criteria.)

This year, we have also added a hotly-contested emerging
manager category to recognize smaller funds with fewer than
$500 million in assets.

For those who missed this initial cut, hope is not lost. As
these first nominations are based on only 10 months worth of
performance figures, we expect the end tally to be
different--in some strategies, perhaps considerably--after the
returns for November and December are also taken into account.
A second round of nominations will be released in early January
and the final list later that month based on the full year 2012
data.

One final reminder: Absolute Return does not
consider who talks the loudest at conferences, speaks at the
most endowment meetings, or nabs the most fetching spouse.
These awards are based strictly on risk-adjusted performance.
Complete information on the judging methodology is available
here.

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